Visa Getting Its Grove On Today
We've discussed Visa at length over the past few months. Read HERE for example. After running up to a major resistance area at $81 the stock tumbled a quick 5% and found support at a rising 50 day moving average. Visa is now again running up to the $81 area. We are watching […]
Are Credit Card Companies Back On Investors’ Radar?
Visa (V), American Express (AXP), and Mastercard (MA) have continually alerted me with juicy shorter-term chart patterns as of late, so I decided it’s time to take a closer look at the fundamental side of things on credit card companies, and I found some good stuff. In the Mastercard example, credit volume is on the rise and international growth is […]
Update on Bucket 1 Trade on Visa (V)
As just posted on Twitter before the closing bell rang, I closed the long rental in Visa (V). See the earlier post here: http://steadytrader.wpengine.com/quick-bucket-1-trade-on-visa-for-today/ We took a small loss on the trade but it was worth the shot. First quarter is in the books now. My plan is to take it fairly easy tomorrow, not trade […]
Quick Bucket 1 Trade on Visa For Today
I bought a small position in Visa stock earlier this morning as the chart seems to hold up and I could imagine this as a go to name in the last few hours of trading this quarter. If it doesn't work, my stop is at yesterday's low. As a profit target I have $75.90. This […]
Mid-Week Market View – May Selling?
As I sit here early Wednesday morning looking at yesterday's market action and the early trading in European markets, I notice the lack of energy in the tape. Since putting in a recent bottom last Thurday, the S&P500 jumped higher and last night closed only 13 points off the year to date highs. Earnings […]
Visa On Verge Of Possible Breakout
Visa Inc. (NYSE:V) the payment processing platform company has traded well so far in 2011 and continues to act well. I have discussed Visa Inc. (NYSE:V) before and it is now again getting close to setting up for a high probability trade. On the weekly chart note the clear uptrend in place since 2009 […]
Bearish Near-Term Pattern in Visa
on the weekly chart visa left a long tail doji two weeks ago and last week gave us follow-through selling. more weakness should be following this
Friday Morning Market Thoughts
Boom! Nonfarm payrolls 54k vs 169k concensus expectations. The futures shaved off a quick 15 points on the back of this and are hovering around the $1295 mark. Yesterday's trade was marked by consolidation, which was to be expected after Wednesday's brutal beating. As laid out in the morning market video today, we don't see […]